Steel makers not out of the woods yet as demand and margin issues persist

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing

The stocks of domestic steel companies, such as Tata Steel, JSW Steel, Steel Authority of India (SAIL), and Jindal Steel and Power (JSPL), have surged 26-142 per cent from the lows seen in March and early April. 

While the resumption of economic activities after the easing of lockdown has improved sentiment, the rebound in Chinese demand is encouraging. The recent news flow on government's support measures also bodes well. This includes the imposition of anti-dumping duty on flat-rolled steel products, plated or coated with aluminium and zinc, also referred to as Galvalume steel. The government is also expected to take